|
Report No. : |
323261 |
|
Report Date : |
27.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
GEDA-DECHENTREITER GMBH & CO. KG |
|
|
|
|
Registered Office : |
Mertinger Str. 60, D 86663
Asbach-Bäumenheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
20.08.1963 |
|
|
|
|
Com. Reg. No.: |
HRA 1381 |
|
|
|
|
Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
|
|
|
|
Line of Business : |
Manufacture of Construction Machinery |
|
|
|
|
No. of Employees : |
299 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in
PPP terms and Europe's largest - is a leading exporter of machinery, vehicles,
chemicals, and household equipment and benefits from a highly skilled labor
force. Like its Western European neighbors, Germany faces significant
demographic challenges to sustained long-term growth. Low fertility rates and
declining net immigration are increasing pressure on the country's social
welfare system and necessitate structural reforms. Reforms launched by the
government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to
address chronically high unemployment and low average growth, contributed to
strong growth and falling unemployment. These advances, as well as a government
subsidized, reduced working hour scheme, help explain the relatively modest increase
in unemployment during the 2008-09 recession - the deepest since World War II -
and its decrease to 5.3% in 2014. The new German government introduced a
minimum wage of about $11.60 (8.50 euros) per hour to take effect in 2015.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts
introduced in Chancellor Angela MERKEL's second term increased Germany's total
budget deficit - including federal, state, and municipal - to 4.1% in 2010, but
slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and
in 2012 Germany reached a budget surplus of 0.1%. The budget was essentially in
balance in 2014. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016 though the target was already reached in 2012. Following the March 2011
Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that
eight of the country's 17 nuclear reactors would be shut down immediately and the
remaining plants would close by 2022. Germany plans to replace nuclear power
with renewable energy, which accounts for 34% of total energy consumption, up
from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on
nuclear power for 23% of its electricity generating capacity and 46% of its
base-load electricity production.
|
Source
: CIA |
GEDA-DECHENTREITER GMBH & CO. KG
Company Status: active
Mertinger Str. 60
D
86663 Asbach-Bäumenheim
Telephone:0906/9809-0
Telefax:
0906/9809-50
Homepage: www.geda.de
E-mail:
info@geda.de
VAT
no.: DE811917547
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as
general partner
Date of foundation: 20.08.1963
Registered on: 18.11.1963
Register of
companies: Local court 86150 Augsburg
under: HRA 1381
Total cap. contribution: EUR 6,000,000.00
Limited partner:
Johann Sailer
Kreuzfeld 32
D 89443 Schwenningen
born: 01.03.1961
Share: EUR 3,060,000.00
Limited partner:
Harald Dechentreiter
An der Grimmsäge 3
D 83646 Bad Tölz
born: 01.05.1967
Share: EUR 1,740,000.00
Limited partner:
Gerhard Dechentreiter
Raiffeisenstr. 13
D 86663 Asbach-Bäumenheim
born: 11.04.1960
Share: EUR 1,200,000.00
General partner:
Dechentreiter
Verwaltungs-GmbH
Mertinger Str. 60
D 86663 Asbach-Bäumenheim
Legal form: Private
limited company
Share capital: EUR 30,000.00
Registered on: 19.05.1999
Reg. data: 86150
Augsburg, HRB 17064
Shareholder:
Johann Sailer
Kreuzfeld 32
D 89443 Schwenningen
born: 01.03.1961
Share: EUR 15,300.00
Shareholder:
Harald
Dechentreiter
An der Grimmsäge 3
D 83646 Bad Tölz
born: 01.05.1967
Share: EUR 8,700.00
Shareholder:
Gerhard Dechentreiter
Raiffeisenstr. 13
D 86663 Asbach-Bäumenheim
born: 11.04.1960
Share: EUR 6,000.00
Manager:
Johann Sailer
Kreuzfeld 32
D 89443 Schwenningen
having sole power of
representation
born: 01.03.1961
Profession: Fully
qualified engineer
Marital status: married
Proxy:
Stefan Schweitzer
D 86637 Wertingen
authorized to jointly
represent the company
born: 09.04.1971
Proxy:
Josef Hafner
D 86641 Rain
authorized to jointly
represent the company
born: 18.07.1961
20.08.1963 - 24.07.1979 Baumaschinen KG. Gg. Dechentreiter
Mertinger Str. 60
D 86663
Asbach-Bäumenheim
Limited partnership
24.07.1979 - 12.07.1999 Dechentreiter Maschinenbau KG
Mertinger Str. 60
D 86663 Asbach-Bäumenheim
Limited partnership
Main industrial sector
28922
Manufacture of construction machinery
Branch:
GEDA-Dechentreiter GmbH
& Co. KG
Marie-Curie-Str. 11
D 59192 Bergkamen
TEL.: 02389/987432
Branch:
GEDA-Dechentreiter GmbH
& Co. KG
Ernst-M.-Jahr-Str. 5
D 07552 Gera
TEL.: 0365/552800
Shareholder:
GEDA International GmbH
Mertinger Str. 60
D 86663 Asbach-Bäumenheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 26.09.2007
Local court 86150 Augsburg
HRB 22898
Shareholder:
CTE Transporttechnik GmbH
Siemensstr. 1-9
D 48488 Emsbüren
Legal form: Private
limited company
Company Status: in
liquidation
since: 22.08.2014
Share capital: EUR 25,564.59
Share: EUR 6,391.15
Reg. data: 08.07.1998
Local court
49074 Osnabrück
HRB 100561
Payment experience: takes advantage of cash discount
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Mertinger Str. 60
D 86663 Asbach-Bäumenheim
Land register documents were not available.
RAIFFEISEN-VOLKSBANK
DONAUWÖRTH, 86661 ASBACH-BÄUMENHEIM
Sort. code: 72290100, Account no.: 6901700
BIC: GENODEF1DON, IBAN: DE31722901000006901700
SPARKASSE DONAUWÖRTH, 86663 ASBACH-BÄUMENHEIM
Sort. code: 72250160, Account no.: 190320614
BIC: BYLADEM1DON, IBAN: DE70722501600190320614
COMMERZBANK VORMALS DRESDNER BANK, 80273
MÜNCHEN
Sort. code: 70080000, Account no.: 828590100
BIC: DRESDEFF700, IBAN: DE84700800000828590100
UNICREDIT BANK - HYPOVEREINSBANK, 86609
DONAUWÖRTH
Sort. code: 72220074, Account no.: 4580800
BIC: HYVEDEMM255, IBAN: DE89722200740004580800
Turnover: 2013 EUR 51,479,052.00
Profit: 2013 EUR 1,091,805.00
Equipment: EUR 537,058.00
Ac/ts receivable: EUR
12,301,601.00
Liabilities: EUR 31,930,029.00
Employees:
299
-
thereof permanent staff:
299
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 32.88
Liquidity ratio: 0.50
Return on total capital [%]: 2.71
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 34.20
Liquidity ratio: 0.37
Return on total capital [%]: 5.58
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 38.46
Liquidity ratio: 0.40
Return on total capital [%]: 12.77
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 49.83
Liquidity ratio: 0.56
Return on total capital [%]: 4.12
EQUITY RATIO
The
equity ratio indicates the portion of the equity as compared
to
the total capital. The higher the equity ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a
company.
LIQUIDITY RATIO
The
liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the
company's financial dependancy from external creditors.
RETURN ON TOTAL CAPITAL
The
return on total capital shows the efficiency and return on
the
total capital employed in the company. The higher the return
on
total capital, the more economically does the company work
with the invested capital.
Type of balance sheet: Company balance sheet
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 40,312,706.80
Fixed assets
EUR 18,236,066.51
Intangible assets
EUR 307,431.10
Concessions, licences, rights
EUR 307,431.10
Tangible assets
EUR 14,879,618.11
Land / similar rights
EUR 12,386,612.90
Plant / machinery
EUR 1,923,555.01
Other tangible assets / fixtures and
fittings
EUR 537,058.10
Advance payments made / construction
in progress
EUR 32,392.10
Financial assets
EUR 3,049,017.30
Shares in participations /
subsidiaries and the like
EUR 2,588,792.92
Shares in related companies
EUR 2,588,792.92
Loans to participations /
subsidiaries and the like
EUR 460,224.38
Loans to related companies
EUR 460,224.38
Current assets
EUR 21,877,539.39
Stocks
EUR 9,558,891.93
Raw materials, consumables and
supplies EUR 3,846,059.02
Finished goods / work in progress
EUR 8,221,485.38
Advance payments made
EUR 136,980.00
Minus received advance payments for
orders / installments for stocks
EUR -2,645,632.47
Accounts receivable
EUR 12,301,600.77
Trade debtors
EUR 8,198,442.97
Amounts due from related companies
EUR 244,305.75
Amounts
due from investee companies EUR 3,408,491.14
Other debtors and assets
EUR 450,360.91
Liquid means
EUR 17,046.69
Remaining other assets
EUR 199,100.90
Accruals (assets)
EUR 199,100.90
thereof disagio
EUR 76,900.00
LIABILITIES EUR 40,312,706.80
Shareholders' equity
EUR 6,000,571.62
Capital
EUR 6,000,571.62
Capital of the fully liable partner
(LP, general partnership)
EUR 571.62
Capital contribution of gen.
partner/accounts
of the pers. liable
shareholder
EUR 571.62
Limited partner's capital / capital
of partially liable partner (LP)
EUR 6,000,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 6,000,000.00
Provisions
EUR 2,377,159.74
Pension provisions and comparable
provisions
EUR 47,537.00
Provisions for taxes EUR 402,700.00
Other / unspecified provisions
EUR 1,926,922.74
Liabilities
EUR 31,930,029.15
Financial debts
EUR 18,713,052.30
Liabilities due to banks
EUR 18,713,052.30
Other liabilities
EUR 13,216,976.85
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,713,743.02
Liabilities due to shareholders
EUR 7,253,516.46
Unspecified other liabilities
EUR 4,249,717.37
thereof liabilities from tax /
financial authorities
EUR 188,080.42
thereof liabilities from social
security
EUR 12,288.92
Other liabilities
EUR 4,946.29
Deferrals (liabilities)
EUR 4,946.29
Guarantees and other commitments
EUR 4,159,000.00
Guarantees / warranties
EUR 4,159,000.00
Guarantees
EUR 4,159,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 51,479,052.02
Inventory change + own costs (+/-)
EUR 1,537,305.59
Inventory change (+/-)
EUR 1,537,305.59
Other operating income
EUR 789,988.71
Cost of materials EUR 27,463,441.70
Raw materials and supplies, purchased
goods
EUR 21,412,062.58
Purchased services
EUR 6,051,379.12
Gross result (+/-)
EUR 26,342,904.62
Staff expenses
EUR 16,327,253.39
Wages and salaries
EUR 13,636,758.65
Social security contributions and
expenses for pension plans and
benefits EUR 2,690,494.74
Total depreciation
EUR 1,541,845.27
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,541,845.27
Other operating expenses
EUR 6,337,435.39
Operating result from continuing
operations
EUR 2,136,370.57
Interest result (+/-)
EUR -843,299.47
Interest and similar income
EUR 115,546.25
thereof from related companies
EUR 19,307.60
Interest and similar expenses
EUR 958,845.72
Financial result (+/-)
EUR -843,299.47
Result from ordinary operations (+/-)
EUR 1,293,071.10
Income tax / refund of income tax (+/-)EUR -162,588.90
Other taxes / refund of taxes
EUR -38,677.08
Tax
(+/-)
EUR -201,265.98
Annual surplus / annual deficit
EUR 1,091,805.12
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 35,574,849.69
Fixed assets
EUR 17,547,037.06
Intangible assets
EUR 377,672.47
Concessions, licences, rights
EUR 377,672.47
Tangible assets
EUR 14,873,663.25
Land / similar rights
EUR 9,331,690.37
Plant / machinery
EUR 1,812,512.67
Other tangible assets / fixtures and
fittings
EUR 468,055.82
Advance payments made / construction
in progress
EUR 3,261,404.39
Financial assets
EUR 2,295,701.34
Shares in participations /
subsidiaries and the like
EUR 1,795,739.80
Shares in related companies
EUR 1,795,739.80
Loans to participations /
subsidiaries and the like
EUR 499,961.54
Loans to related companies
EUR 499,961.54
Current assets
EUR 17,690,120.80
Stocks
EUR 9,410,360.88
Raw materials, consumables and
supplies
EUR 3,913,742.75
Finished
goods / work in progress EUR 6,847,186.43
Advance payments made
EUR 66,594.69
Minus received advance payments for
orders / installments for stocks
EUR -1,417,162.99
Accounts receivable
EUR 7,295,944.46
Trade debtors
EUR 4,835,613.80
Amounts due from related companies
EUR 1,660,954.09
Amounts due from investee companies
EUR 44,589.90
Other debtors and assets
EUR 754,786.67
Liquid means
EUR 983,815.46
Remaining other assets
EUR 337,691.83
Accruals (assets)
EUR 337,691.83
LIABILITIES EUR 35,574,849.69
Shareholders' equity
EUR 6,000,571.62
Capital
EUR 6,000,571.62
Capital of the fully liable partner
(LP, general partnership)
EUR 571.62
Capital contribution of gen.
partner/accounts of the pers. liable
shareholder
EUR 571.62
Limited partner's capital / capital
of partially liable partner (LP)
EUR 6,000,000.00
Provisions
EUR 2,653,889.76
Pension provisions and comparable
provisions
EUR 44,745.00
Provisions for taxes EUR 449,095.46
Other / unspecified provisions
EUR 2,160,049.30
Liabilities
EUR 26,911,276.09
Financial debts
EUR 11,502,851.37
Liabilities due to banks
EUR 11,502,851.37
Other liabilities
EUR 15,408,424.72
Trade creditors (for IAS incl. bills
of exchange)
EUR 1,345,587.50
Liabilities due to shareholders
EUR 6,166,327.53
Unspecified other liabilities
EUR 7,896,509.69
Other liabilities
EUR 9,112.22
Deferrals (liabilities)
EUR 9,112.22
Guarantees and other commitments
EUR 3,200,000.00
Other guarantees and other commitmentsEUR 3,200,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 44,852,462.42
Inventory change + own costs (+/-)
EUR 1,581,833.52
Inventory change (+/-)
EUR 1,581,833.52
Other operating income
EUR 468,050.48
Cost of materials
EUR 21,649,812.76
Raw materials and supplies, purchased
goods
EUR 17,306,681.79
Purchased services
EUR 4,343,130.97
Gross result (+/-)
EUR 25,252,533.66
Staff expenses EUR 15,006,245.75
Wages and salaries
EUR 12,467,592.28
Social security contributions and
expenses for pension plans and
benefits
EUR 2,538,653.47
Total depreciation
EUR 1,526,040.65
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,526,040.65
Other operating expenses EUR 5,442,048.22
Operating result from continuing
operations
EUR 3,278,199.04
Interest result (+/-)
EUR -733,505.54
Interest and similar income
EUR 73,409.59
Interest and similar expenses
EUR 806,915.13
Financial result (+/-)
EUR -733,505.54
Result from ordinary operations (+/-)
EUR 2,544,693.50
Income tax / refund of income tax (+/-)EUR -513,937.85
Other taxes / refund of taxes
EUR -47,284.45
Tax
(+/-)
EUR -561,222.30
Annual surplus / annual deficit
EUR 1,983,471.20
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.85 |
|
|
1 |
Rs.98.38 |
|
Euro |
1 |
Rs.69.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.